Integrated Ratings for State Power Distribution Utilities launched

Power Minister, R.K. Singh, released 9th Integrated Ratings for State Power Distribution Utilities in New Delhi on the occasion of on the occasion of 36^th Foundation Day of Power Finance Corporation (PFC).

Key Points

• While releasing Integrated Ratings for State Power Distribution Utilities, minister underlines that, Annual Integrated Rating exercise for rating period 2019-20 covering 41 State Power Distribution Utilities has been completed with participation of all utilities.
• According to minister, Indian Power sector will benefit from a fair and accurate assessment of true position of distribution sector. It will also help in assessing & improving its performance.
• This exercise would also assist State Governments, lending institutions and other stakeholders in taking important decisions.

Electricity (Rights of Consumers) Rules, 2020

Minister underlined; these rules were notified by government with the objective of focusing on consumer empowerment. This initiative will put consumer at center-stage. It is an important step of improving Ease of Living and Ease of Doing Business in India. Government of India is also supporting States in strengthening Distribution system in order to provide 24×7 power supply across all households with the help of schemes like Deendayal Upadhyaya Gram Jyoti Yojana and Integrated Power Development Scheme.

Power Finance Corporation Ltd. (P. F. C.)

PFC is an Indian financial institution under Ministry of Power. It was established in 1986. PFC works as the financial backbone of Indian Power Sector. It is the 8th highest profit making CPSE and India’s largest NBFC. It is also India’s largest infrastructure finance company.

Month: Current Affairs - July, 2021